Investor confidence in the US dollar as a safe-haven asset was renewed following Trump’s threat to impose harsh tariffs on China starting next month, despite the ongoing US government shutdown now in its third week. This increased sell orders on the EUR/USD pair last week, with losses extending to the 1.1542 support level, near the…
The US dollar has rallied a bit during the trading session here on Friday as we are approaching the 18.50 pesos level. This is an area that previously had been support, so it does make a certain amount of sense that it ends up being resistant as market memory comes into the picture. The 50…
The NASDAQ 100 initially tried to rally during the trading session here on Friday, and we did gain a little bit, but it looks like we’re probably just going to drift into the weekend. That’s not a huge surprise because, quite frankly, Friday is typically a session where a lot of people will be very…
The US dollar has pulled back slightly against the Swiss franc during the Friday early hours, but that’s not a huge surprise considering that we are shortly extended over the last couple of days. And I think the 0.81 level will continue to be important. What I have noticed though is that the US dollar…
The USD/JPY pair builds on its weekly bullish gap-up opening and climbs to the 152.30 area during the first half of the European trading session, reversing a major part of Friday’s sharp retracement slide from the highest level since February 13.
Germany plunged during trading on Friday, as we have seen the fears of an increasing trade war between the United States and China not, lot of risk appetite out of the markets. All things being equal, this is a market that I think continues to see a lot of concerns about whether or not the…